Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK – Get Free Report) (TSE:NDM) rose 7.3% during trading on Thursday . The company traded as high as $2.10 and last traded at $2.1250. Approximately 1,153,968 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 9,909,813 shares. The stock had previously closed at $1.98.
Northern Dynasty Minerals Price Performance
The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of -23.00 and a beta of 0.60. The business’s 50 day simple moving average is $1.76 and its 200 day simple moving average is $1.85.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of NAK. Renaissance Technologies LLC acquired a new position in shares of Northern Dynasty Minerals during the first quarter worth about $6,244,000. Public Employees Retirement System of Ohio acquired a new position in shares of Northern Dynasty Minerals during the first quarter worth about $161,000. Kopernik Global Investors LLC increased its stake in shares of Northern Dynasty Minerals by 50.8% during the first quarter. Kopernik Global Investors LLC now owns 32,655,846 shares of the mining company’s stock worth $45,718,000 after acquiring an additional 10,994,668 shares during the period. Swiss National Bank acquired a new position in shares of Northern Dynasty Minerals during the first quarter worth about $1,532,000. Finally, Sequoia Financial Advisors LLC increased its stake in shares of Northern Dynasty Minerals by 81.0% during the first quarter. Sequoia Financial Advisors LLC now owns 22,251 shares of the mining company’s stock worth $31,000 after acquiring an additional 9,955 shares during the period. 10.55% of the stock is currently owned by institutional investors and hedge funds.
Northern Dynasty Minerals Company Profile
Northern Dynasty Minerals Ltd. is a mineral exploration and development company headquartered in Vancouver, British Columbia, with primary operations focused on North America. The company is publicly listed on the NYSE American and the Toronto Stock Exchange under the symbol NAK. Established in 1985, Northern Dynasty has built its business around the identification, evaluation and advancement of large-scale mineral resources, leveraging its expertise in geology, engineering and environmental planning.
The company’s flagship asset is the Pebble Project, located in the Bristol Bay region of southwestern Alaska.
Featured Stories
- Five stocks we like better than Northern Dynasty Minerals
- SpaceX IPO: Opportunity? Or the Ultimate Hype Trade?
- CAVA Group’s Stock Looks Delicious After Strong Earnings
- Lowe’s Finds Support at $215 After Q1 Earnings Sell-Off
- Deere Beats Q2 Estimates, But Ag Weakness Weighs on Outlook
Receive News & Ratings for Northern Dynasty Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northern Dynasty Minerals and related companies with MarketBeat.com's FREE daily email newsletter.
